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Block’s Cash App growth advances despite a proposed DOJ resolution
8:20am on Thursday 5th of November, 2026 AEDT
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Financial Technology
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Block’s Cash App growth advances despite a proposed DOJ resolution
8:20am on Thursday 5th of November, 2026 AEDT
Key Points
Third-quarter gross profit rose 22% to $3.2 billion
Cash App gross profit climbed 27% and Square gross profit rose 14%
DOJ agreement in principle involves an expected $764 million net payment
Block accrued $764 million for the unresolved regulatory matter
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